Finding 517915 (2023-002)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2025-01-07

AI Summary

  • Answer: The documentation for the internal control system is insufficient.
  • Trend: This lack of documentation can lead to increased risks and potential compliance issues.
  • List: Review and enhance documentation practices to ensure all components are clearly outlined and accessible.

Finding Text

Inadequate Documentation of the Components of the System of Internal Control

Corrective Action Plan

All of AMPAA’s transactions are electronic using the accounting software from QuickBooks. Monthly billing invoices will either be generated through QuickBooks or uploaded into QuickBooks on the date received. When cash is deposited it will be applied against the appropriate invoice in QuickBooks. Disbursements will be entered into QuickBooks directly. Bank account balances will be compared per trial balances with all QuickBooks transactions reconciled to the monthly bank statements. For procurement processes, all invoices will be issued and cleared through QuickBooks.

Categories

Allowable Costs / Cost Principles Internal Control / Segregation of Duties

Other Findings in this Audit

  • 517914 2023-001
    Significant Deficiency
  • 517916 2023-003
    Material Weakness
  • 517917 2023-004
    Material Weakness
  • 517918 2023-005
    Material Weakness
  • 517919 2023-006
    Material Weakness
  • 517920 2023-007
    Material Weakness
  • 1094356 2023-001
    Significant Deficiency
  • 1094357 2023-002
    Significant Deficiency
  • 1094358 2023-003
    Material Weakness
  • 1094359 2023-004
    Material Weakness
  • 1094360 2023-005
    Material Weakness
  • 1094361 2023-006
    Material Weakness
  • 1094362 2023-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.U93 Refugee and Entrant Assistance- State/replacement Designee-Administered Programs Grant $1.48M